American Campus Communities Inc (NYSE:ACC) : Zacks Investment Research ranks American Campus Communities Inc (NYSE:ACC) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.86, which indicates as a Buy.
American Campus Communities Inc (NYSE:ACC) : The highest short term price target forecast on American Campus Communities Inc (NYSE:ACC) is $54 and the lowest target price is $45. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $48 with a standard deviation of $3.46.
For the current week, the company shares have a recommendation consensus of Buy. Also, FBR Capital initiates coverage on American Campus Communities Inc (NYSE:ACC) In a research note issued to the investors, the brokerage major announces price-target of $54 per share.The shares have been rated Outperform. The rating by the firm was issued on June 23, 2016.
American Campus Communities Inc (NYSE:ACC): stock turned positive on Tuesday. Though the stock opened at $50.68, the bulls momentum made the stock top out at $51.62 level for the day. The stock recorded a low of $50.35 and closed the trading day at $51.62, in the green by 2.54%. The total traded volume for the day was 1,254,129. The stock had closed at $50.34 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Perry Daniel, officer (EVP, Cap. Mkts. & Corp. Fin.) of American Campus Communities Inc, had unloaded 4,096 shares at an average price of $49.05 in a transaction dated on June 22, 2016. The total value of the transaction was worth $200,909.
American Campus Communities, Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns, manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130,700 beds in 44,300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services.